What happens when Cloud usage isn’t correctly monitored?
It’s a fact that Cloud migration results in significant benefits to the organization. From cost savings to efficiency and risk mitigation, and even the ability to continuously delivering innovative solutions.
Nevertheless, managing cloud services can be a challenge for organizations lacking Cloud Financial Management, and may start to lose control of service costs or get lost in the payment and consumption complexity.
Organizations are confronted with the difficulty of creating accurate cost estimates and often struggle to identify items that are responsible for overspending.
Manage and control your cloud spending with efficiency.
Maintaining and elevating the trust levels of Cloud adoption isn’t only about the agility but also about cost control, which is essential for business growth and to continue the cloud journey with confidence.
While traditional enterprise data centres are equipped with finite, pre-procured, capital expenditure-oriented capacity, cloud services operate on a pay-as-you-go cost model – from CAPEX to OPEX. This change can increase costs significantly if measures aren’t put in place to properly monitor cloud usage and control spend.
Move to cloud with all the safety gear, and don’t fall in the cloud cost abysm.
Deloitte’s Cloud Approach is based on working collaboratively with Clients to reduce cloud cost, while achieving efficiency by identifying areas for optimization and formulating a structured roadmap to accomplish goals.
Cloud Cost Optimization: unlimited efficiency and flexibility
Cloud Costs Optimization helps organizations maintain high levels of trust with Cloud services adoption, providing a discipline for cloud consumption management, built on an accurate reporting solution and a cost saving roadmap.
Our goal is to establish a cost control culture: to help organizations define a Cloud Financial Management and Operations plan to guarantee that cloud service costs are under control, while ensuring a maximum ROI and focusing on continuous service improvement.
What’s in it for your business?
Cost predictability and savings
- Higher accuracy and improved forecasts and budgets
- Bill clarification, total cloud costs allocation
- No overspending
- OPEX correct management
Cloud Migration ROI Maximization
- Cloud cost optimization culture
- Sunk upfront costs optimization (hiring, training, security, integration)
- Continuously monitor cloud spend and maintain the savings
- Tested methodology, adjusted to client’s maturity level
- Ability to use multi-cloud cost management tools
- Cost control culture living
We’ve done it before
Efficient Cloud Spending
A service group migrated more than 20 assets to a cloud across ~50 accounts. Post migration, the cloud hosting costs increased significantly, around 40%, which resulted in spend forecasts being higher than budgeted, and lower margins. The Client was confused and wanted to understand what could be done to better manage and control cloud spend. Deloitte Cloud Team developed cost reduction strategies and execution plans to lower overall OpEx without negatively impact the Client’s capabilities and the service quality. By implementing cost optimization measures, we were able to reduce the Client’s monthly cloud hosting spend by 50%, improved margin, and enabled better forecasting. With the best practices and lessons learned, the Client can now optimize costs much faster and save money to fund other high priority initiatives.Download Case study